How to Save On Your Agency's Taxes w/ Bryan Nguyen

The Mind of A Marketer w/ Ryan Stewart

Timestamps

• 0:48 – Is there anything unique about agency taxes?
• 2:40 – Should agencies work with an accounting firm to handle their accounting?
• 4:09 – At what point do you think an agency should hire a full-time accountant?
• 7:30 – If someone is setting up an agency what is the best way to structure it (legally)?
• 12:23 – How can agency owners better plan for taxes and reduce their taxable income? Are there agency specific tax deductions?
• 17:20 – How do you apply your personal expenses to your business if applicable under tax law?
• 22:08 – What are some common myths regarding tax deductions? What is deductible regarding the usage of company cars?
• 27:08 – How can beginners know about the value of accounting and how can they hire good accountants?
• 28:49 – What accounting and tax software do you recommend for agencies?
• 31:52 – If you are on a salary then what is the best use of the profit from a business taxation perspective?
• 38:50 – What is the difference between cash and accrual accounting and which system would you recommend for an agency?
• 48:55 – What kind of financial ratios should an agency be looking at?
• 51:43 – What percentage of revenue should an owner take a salary from the company?

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